Free bet conversion has become one of the US's fastest growing side hustles in recent years, and it isn't hard to see why.
Helping everyday Americans make guaranteed profits in the $1,000s each month using a clever technique that cancels out risk, free bet conversion actually involves no ‘gambling’ at all.
But what exactly is free bet conversion? How does it work? And how can you get started making money with it as a beginner?
Free bet conversion is a risk-free profit-making strategy in which a person places bets to cover every possible outcome of an event to unlock a sportsbook promotion - most often a free bet (or ‘free play’). They then repeat the process using the free promotion to guarantee a risk-free profit.
Also known as matched betting, free bet conversion was originally introduced in the UK in 1999 as a way for everyday Brits to ‘beat the bookie’. To date, more than 500,000 people across the US and Europe have used free bet conversion to earn risk-free profits.
Now available in over 30 US states (and growing), thousands of Americans seeking a risk-free, flexible side hustle sign up to matched betting platforms each month.
Note: You do not have to be a resident of a state to claim their promotions, as long as you are located within the borders of a state, you're good to go. Sportsbooks use Geocomply technology to determine your location so out-of-state sports betting is completely possible!
Free bet conversion works by turning promotional sign-up offers into withdrawable risk-free cash. Put simply, it involves these 5 steps:
The amount you can earn with free bet conversion varies based on a handful of factors, such as time invested and the welcome offers available (different offers will return a different percentage of the original free bet value).
However, in the United States, the average user makes between $300 and $2,000 per month with free bet conversion.
For those dedicating a few hours to a free bet conversion side hustle each week, $500 to $1,000 per month is achievable using a powerful matched betting platform.
But for those looking to majorly upgrade their income, signing up to the affiliate programs that certain matched betting companies offer can help members earn as much as $5,000+ extra per month with minimal start-up costs.
Free bet conversion is an inexpensive and easily accessible side hustle for most Americans, requiring just two costs:
This is the cost you'll pay monthly or yearly when you join a free bet conversion platform (more commonly referred to as a matched betting platform). Sure, it is possible to try free bet conversion without one, but these platforms make the whole process way easier and more profitable.
A good platform will throw in handy tools like a Dutch Matcher, which instantly spots the most profitable free bets to convert in your area (using the 'dutching' process), and a Profit Tracker, which breaks down earnings to help plan your long-term goals. If you're serious about spending your time wisely, investing in a free bet conversion platform just makes sense.
Your bankroll isn't exactly a cost, but acts more like a cash deposit that you initially put down to trigger sportsbook promo offers. As you go through the free bet conversion steps, you get this money back once your picks match up.
But here's the kicker: different promos require different minimum bankrolls. So, while you can make your first profits with as little as 50 bucks in your bankroll, the bigger bankroll you build, the bigger potential profits you unlock.
If you're new to free bet conversion, you might be surprised to know that it isn't just ‘free bets’ you can convert with this process. There is actually a wide range of sportsbook offers you can extract money from risk-free with this process.
Five of the most common include:
These are often offered as part of a welcome bonus when you sign up to a sportsbook. Free bets allow you to stake a specified amount on an event without that amount being deducted from your account.
These are often unlocked when you first deposit, like the example below with Bet365.
Risk-free bets are slightly different to free bets. Rather than being gifted a sum to stake on an event, with a risk-free bet, you stake your own money.
If the bet wins, you keep the returns (as usual), but if it loses, the sportsbook will reimburse you the amount (usually in free bets).
With this promo, the sportsbook will offer boosted returns on your bet if it wins. This will often be as a percentage increase, so a 50% profit boost will get you 50% more profit if it comes in for the exact same stake. These are often offered on specific events.
This type of promo is offered after the person has already signed up to the sportsbook and used their welcome offer/s.
Designed to keep users engaged, reload offers are regularly uploaded, meaning you can extract cash from long after signing up. The image below shows a reload offer by ESPN Bet that can earn users $700 profit using free bet conversion.
With this promo the sportsbook will match the amount of cash you initially deposit into your account (often in the form of free bets and capped at a certain limit).
When Caesars Sportsbook launched in 2022, they offered new users one of the most generous deposit matches ever seen, offering up to $3,000 deposit matched.
Before you kick off your profit-building journey with free bet conversion, knowing a few simple matched betting tips can go a long way. Below we've pulled together five of the most crucial:
Getting started with free bet conversion is easy.
Whether you've never placed a wager in your life or are an avid sports bettor, the ProfitDuel platform has allthe guides, software and support you need to earn $1,000s each month with free bet conversion without moving from your couch.
The best part? We're offering a discounted price to new members to show you just how easy it is. In this trial we'll walk you through locking in over $100+ of profit with less than 60 minutes of work.
How? Here's how:
Still happy with us after your trial? Stay on board to unlock more free bet conversion opportunities worth $1,000s.